Koos Bekker discusses his legacy & history of Naspers
Original Publish Date: || Fri, 28 Feb 2014 06:39:04 GMT || CNBC Africa spoke with outgoing Naspers CEO Koos Bekker to discuss his legacy and the history of Naspers.
Non-independent Non-executive Chair of the Board, Prosus Nv
Verified interview transcripts, podcast appearances, and direct quotes from Koos Bekker, Non-independent Non-executive Chair of the Board at Prosus Nv. AI-verified speaker identity with full-text searchable transcripts.
“I think the most productive way of working is actually to identify something that works in some market abroad, copy it as fast as you can, taking care not to infringe copyright rights and formal getting into problems, and then to try to extend it and improve upon it and maybe one day you'll become the world leader in s...”
“We recently did a survey of listed media companies in the world and we can't find anyone who has an executive that run a company for that period so I've had a good run.”
“when you make the first million few million euros it's going to change your life totally you can look after your parents you can eat in any restaurant the world you can travel for a holiday it changes it gives you liberty very important to be poor's horrible so the first million is very important but then there's a dim...”
“the most important figure in all of this is the mother so what drives china is the chinese mother so just imagine you're in beijing the kid comes back from school you have one kid you're going to drive that kill till nine o'clock tonight on homework on saturday you're going to take him to maths class and then to violin...”
“China will become the biggest economy in the world not because they run sweatshops or do evil things but just because they said good the works are hard... China's simply outperforms the West with a better educational system harder work... Europe cannot compete with Asia and the net result properties that Europe will fi...”
“I think now there's a perception that is very sexy to be an entrepreneur and everyone should try to be and I think that's a great mistake because the economy does not need you hunt the Saint entrepreneurs it needs about one or two percent of people to be an entrepreneur and the rest evil work in structures.”
“China fascinates me. I think China will become the biggest economy in the world not because they run sweatshops or do evil things but just because they're so good, they work so hard. If I compare the typical engineer in China at seven o'clock on Friday evening, he's working. If you look at Holland including our own com...”
“I think Global News sites are too competitive. It's too hard to make money. There are so many of them and to be better than Mail or the New York Times or Financial Times just too hard. But you know, e-commerce is not far from a newspaper. To consider your local newspaper makes a lot of money from advertising, the subsc...”
“I think it's pretty tough because the media houses are clueless you know the average media company in the world is in a pretty poor shape a few will survive if take newspapers a few newspapers will make the transition from a print product to an electronic product as the New York Times or the Washington the let's say Wa...”
“I think the regrettable reality is most media houses will simply disappear you know it's like most wagon makers when the car came around they didn't progress to become car makers they simply disappeared in the economy and I think regrettably most media houses will disappear another interesting phenomenon is that our co...”
“the department of communications is both umpire and owner right so they own a stake in Telcom the biggest tag and at the same time they make the rules for everyone playing the game of telecommunications it doesn't work it's like imagine Arsenal ... and Manchester United and he actually secretly has a well even publicly...”
“when multichoice looks at their competitors they're not really scared of some sort of satellite-based competitor or some terrestrial transmitter they're thinking about the internet Disney is sitting there in California thinking how do I access Africa do I need someone like multichoice or can I go Direct and Netflix is...”
“I don't think there's a price bubble generally in the internet today. In fact, quite established companies like Google or Yahoo or Ebay are trading at what I regard as discounts, they're cheap. It's not a general euphoria like there was in 1999. I think there's some countries overvalued, maybe Brazil, India, you look a...”
“The Chinese economy is still expanding and many people expect it to grind to a halt but I don't see signs of that. I think it'll slow down because China is basically the factory of the world at the moment and as Europe can afford fewer washing machines China will produce fewer so that'll have negative effect. But there...”
Original Publish Date: || Fri, 28 Feb 2014 06:39:04 GMT || CNBC Africa spoke with outgoing Naspers CEO Koos Bekker to discuss his legacy and the history of Naspers.
Mr. Koos Bekker, Chairman Designate of leading emerging markets media group Naspers as a guest speaker at the Annual MSM Graduation Ceremony in Maastricht
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